Industrial Production Data for May stands at a high of 4.7%

The Index of Industrial Production (IIP) for the month of May came in at 4.7 percent versus 3.4 percent month-on-month. The May IIP growth is at the highest level since October 2012, registering a 19-month-high. Manufacturing sector growth too jumped to 4.8 percent versus 2.6 percent in April.